#SHIBA🚀
Shiba Inu coin SHIB counterattacks, leading the market in single-day growth!
SHIB surged 12% in 24 hours, trying to regain the lost ground in April. This wave of strong rise is supported by strong spot demand and full of bullish sentiment.
On September 26, SHIB (Shiba Inu coin) was really popular, rising 12% in one day, and 35% in the whole month! This performance, even Bitcoin has to stand aside, Bitcoin only rose 2% that day, quite calm.
But SHIB's rise is not smooth sailing, and now it has come to a critical moment. We have to see whether the bulls can break through this difficulty and continue to rush up.
From the daily chart, SHIB's stochastic RSI and RSI both gave buy signals, indicating that many people have bought in the past few days, and the momentum is very strong. However, this is a bit too much, a bit overbought, and you may have to be careful of price reversals. But in general, the momentum of the rise is still very strong.
If it can really break through, SHIB may challenge two resistance levels, one is $0.000001763, and the other is the low of $0.000018 in April. The more ambitious goal is the 200-day moving average, which is $0.000020. According to the current entry position, this goal can bring us 15% to 11% profit.
But then again, if the closing price of SHIB's daily chart is lower than $0.000017, the beautiful idea above may be ruined. At that time, SHIB may pull back to around $0.000015.
Let's talk about the big whales. From the end of July to mid-August, they sold a wave of SHIB fiercely, causing SHIB to fall 42% in three weeks. The movements of big whales are very important. Once they make a move, the market will shake. When they sell coins, it often means a fall; when they buy coins, it is a bullish signal.
Although the big whales started buying SHIB again at the end of August, they sold it again soon after buying it. Although they are buying again recently, the amount they bought is not large compared with the previous time. This shows that they may still have some reservations about this rise and are not sure whether it can last. So, we still have to wait and see this wave of SHIB's rise.
The target that Brother Yong has been researching for a long time will be launched soon. Believers will be blessed. Like, follow and comment to let me see you!
